Customer small business financing solutions delivered through a single, online application.
Loan Types
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See funding solutions from 75+ nationwide lenders with a single application.
Apply for financing, track your business cashflow, and more with a single lendio account.
Applying is free and won’t impact your credit.
Whether you’re looking to purchase new salon equipment or expand to a second location, Lendio finds you a picture-perfect match for your lender.
Glow up your beauty salon business with a business loan structured for your needs. Lendio partners with more than 75 lenders—that’s a game-changing advantage for your beauty biz.
Beauty salon loans can be instrumental in shaping the future of your business. By increasing your working capital, you can make the business moves you need to grow and scale at your own pace.
Apply in just 15 minutes and get funded in as little as 24 hours.
Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.
Compare loan offers from multiple lenders. With over 75 lenders in our network, our funding managers will work with you to ensure you get the best rates and terms for your business.
Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.
One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.
Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.
We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.
Revenue-based financing (also known as a business cash advance) lets you borrow cash based on future revenue, which you then repay directly as a percentage of your sales.
Your classic debt financing, typically repaid in fixed installments over a set period of time, comes in the form of term loans and SBA loans. An SBA loan is backed by the federal government.
A line of credit gives you a lump sum that you can draw from as needed. It helps you stay on top of beauty product supplies, payroll, rent, and other operating expenses when your revenue fluctuates.
Whether your equipment needs an upgrade or you’re expanding the number of booths in your beauty salon, an equipment loan offers competitive financing. If you go with equipment leasing, the assets you lease are used to secure the loan, so you don’t have to pledge other business assets as collateral.
Equipment and tools can help ensure that your business stays current with the latest industry trends and technologies. With a business loan or equipment financing, you can purchase the equipment that your shop needs.
Adopting high-tech solutions enhances your operations and gives you a competitive edge. With a beauty salon loan, you could invest in a robust appointment booking system, new computer systems, and more.
A well-executed promotional campaign can attract new customers and help establish your brand’s identity. Use a beauty salon loan to help cover these expenses while keeping on top of other tasks in your salon.
In the ever-evolving beauty industry, continuous learning is key. Using a business loan, you could fund training programs to ensure your staff is up-to-date with the latest industry standards and regulations.
A loan for a beauty salon provides an injection of working capital, so you can meet your business goals. Interest rates are typically fixed, so you know exactly how much needs to be repaid over what period of time.
Requirements will vary based on loan type and lender. Minimum requirements to apply for a beauty salon loan include:
Some lenders will accept credit scores as low as 600, but higher credit scores will qualify you for more loans with better rates and payback terms.
Costs depend on multiple factors, including the property, the location, equipment needed, and more. Make sure to account for all expenses including rent, legal and accounting fees, marketing, licensing, equipment, payroll, and utility costs.
Financing helps with these costs so you’re able to cover business expenses while still paying yourself. Keep in mind that financing will cost you additional money over time due to interest rates, which can be anywhere between 4% and 10% depending on the loan.
When your beauty salon needs cash in the bank fast, an online business loan is one of the quickest options out there. The application process is quick and straightforward, a funding manager is available to walk you through the process, and you have a large selection of lenders to work with.
An SBA loan can help beauty salon owners get funding that’s backed by the federal government. That means lenders are encouraged to approve these loans because the funds are guaranteed by the SBA. You still apply directly with a lender, which uses SBA guidelines as a starting point for approval. However, the process can be slower compared to other types of financing.
There are three different types of SBA loans depending on your beauty salon needs. For general working capital, try an SBA 7(a) loan. For purchasing major assets like a building or salon and nail tech equipment, take a look at the SBA 504 program. If you’re a new business that needs a minimal amount of financing to get started, the SBA microloan program can lend you up to $50,000.
*based on 136 Lendio employees responded to an internal poll
Applying is free and won’t impact your credit
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